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Scale, Scope and Survival: A Comparison of Labour-Managed and Capitalist Modes of Production

Author

Listed:
  • Natália Pimenta Monteiro

    (Universidade do Minho - NIPE)

  • Geoff Stewart

    (Economics Division, University of Southampton)

Abstract

This paper draws on a comprehensive data set from Portugal to address three central themes in the labour-managed rm (LMF) literature: the types of activity undertaken by LMFs, their scale of operation and their survival prospects. The data allow individual rms to be tracked over a 25 year period and for comparisons to be made with capitalist rms. We nd rst, that the industrial distribution of LMFs is markedly di¤erent to that of capitalist rms and to the standard characterisation of the pattern of LMF activity. Second, LMFs are, on average, more than twice the size of their capitalist counterparts and third, the survival prospects of LMFs considerably exceed those of capitalist rms.

Suggested Citation

  • Natália Pimenta Monteiro & Geoff Stewart, 2012. "Scale, Scope and Survival: A Comparison of Labour-Managed and Capitalist Modes of Production," NIPE Working Papers 8/2012, NIPE - Universidade do Minho.
    • Handle: RePEc:nip:nipewp:8/2012
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    More about this item

    Keywords

    Labour-managed rms; cooperatives; capitalist rms;
    All these keywords.

    JEL classification:

    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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